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- Addresses on the Avalanche community grew by almost 100% in 2023, in keeping with Ava Labs president.
- Avalanche reportedly hosts 20 stay subnets, with over 80 subnets anticipated to go stay this yr.
- Avalanche helps Amazon with rising crypto corporations needing computing energy and storage.
In keeping with John Wu, the President of Ava Labs, the variety of addresses on the Avalanche community grew by almost 100% in 2023. Wu made the assertion throughout an interview with Tony Edward on the Considering Crypto podcast. He additionally famous that the community at present hosts about 20 stay subnets and over 80 subnets within the testnet setting that may go stay this yr.
Wu centered on enhancements within the Avalanche that might improve the community’s scalability, highlighting some vital partnerships that enhanced its progress. He emphasised that Avalanche is exclusive as a result of it’s a quick and scalable blockchain community. In keeping with him, these properties outcome from the consensus protocol behind the undertaking, which permits it to have immediate finality.
Wu cited Vryx and HyperSDK as community components permitting subnets to transact at 100,000 transactions per second (TPS). In keeping with him, combining each components with the Firewood storage answer allows the subnets to function at a considerably excessive velocity.
Talking on Avalanche’s partnership with Amazon, Wu famous that his firm helps the retail big with rising crypto corporations or builders that want computing energy and storage for Amazon Internet Companies (AWS). Primarily, Amazon introduces Avalanche to conventional enterprises that wish to deploy blockchain-enabled options.
Wu talked about his firm’s partnership with conventional institutions like JP Morgan, the place they carried out a TradFi-type crossover answer. He famous that the answer revolves round tokenizing different belongings or rushing up settlements. In keeping with him, these conventional institutions use the advantages supplied to supply companies to their customers.
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